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Nesgroup address: alt.building.construction - Date & Time for the message: Fri, 02 Sep 2005 20:02:19 -0400
/ Author of the message: poboxdc@ix.netcom.com |
Title of the message: |
U.S. July savings rate falls to negative 0.6%
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Text of the message: |
U.S. July savings rate falls to negative 0.6% 10:48 a.m. 09/01/2005 By Rex Nutting Provided by Market Watch Inflation wipes out gains in personal incomes WASHINGTON (MarketWatch) - U.S. consumers spent more than they earned in July for just the second time in the last 46 years, the Commerce Department said Thursday. Personal incomes increased 0.3% in July, while spending soared ahead by 1%. As a result, the personal savings rate tumbled to negative 0.6%, the lowest since monthly records began in 1959. Read the full report. Quarterly data show negative savings rates for several quarters during the Great Depression. The savings rate was negative 0.2% in October 2001 and was 0% in June. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.